Replies to post #32057 on Yippy, Inc. (YIPI)

[BigBake1]

FALSE, all securities issued by this company must apply SEC rule 144, either through REGISTRATION or an EXEMPTION. The company is currently disclosing it is a previous shell and it also discloses that the shares IBM posesses are in fact RESTRICTED. That restriction cannot be removed due to the shell status of this security. It doesn't matter that the shell was fully reporting at the time of issuance, SEC Rule 144 applies to the SALE of free trading shares.

The 5,250,000 shares are still in fact restricted in the last disclosure provided.

I suggest brushing up on SEC Rule 144:

http://www.sec.gov/investor/pubs/rule144.htm